Insurance losses from an earthquake that struck New Zealand lastweek are estimated to run at less than $200 million, according to aloss modeler.

Boston-based AIR Worldwide, a subsidiary of Jersey City,N.J.-based Insurance Services Office Inc., estimated that a strongearthquake that struck New Zealand on Dec. 20 would amount to lessthan $250 million New Zealand dollar (U.S. $192 million at thecurrent exchange rate) in insured losses.

The 6.6 magnitude quake on the Richter scale struck 30 mileseast-southeast of Gisborne, New Zealand, according to the U.S.Geological Survey. The quake's epicenter was located out in theocean.

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